Animoca Brands financial report: Holds $558 million in digital assets, with off-balance sheet token reserves of approximately $1.8 billion in its Web3 subsidiary

ChainCatcher news, according to The Block, Animoca Brands stated in its latest unaudited financial disclosure that it holds $558 million in digital assets on its balance sheet, including $291 million in cash and stablecoins.

The company noted that this financial data does not include the value of the company's approximately 400 minority equity investments in Web3 companies, which are currently undergoing valuation work.

Animoca Brands stated that the off-balance-sheet token reserves of "all Animoca Brands Web3 subsidiaries" are approximately $1.8 billion, which includes about $1.3 billion in liquid tokens and $542 million in low-liquid tokens. Animoca Brands has multiple subsidiaries, including the metaverse platform The Sandbox.